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Journal Metrics

Source Normalized Impact per Paper (SNIP): 0.686ℹSource Normalized Impact per Paper (SNIP):2014: 0.686SNIP measures contextual citation impact by weighting citations based on the total number of citations in a subject field.

SCImago Journal Rank (SJR): 0.660ℹ

SCImago Journal Rank (SJR):2014: 0.660SJR is a prestige metric based on the idea that not all citations are the same. SJR uses a similar algorithm as the Google page rank; it provides a quantitative and a qualitative measure of the journal’s impact.

Economics Letters Open Access Articles

Uncovered Interest Parity (UIP) is typically rejected in empirical studies, but this letter finds nevertheless that Consensus Forecasts of the exchange rate for Central and Eastern European countries...

We propose a robust, partial sample estimator for the covariance matrix of the fixed effects and mean group estimators of the slope coefficients in a short T panel data model with group-specific effects...

We present a simple theoretical model of household preventive behavior in response to malaria prevalence. The novelty is to include a trade-off between prevention and treatment in an otherwise standard...

We introduce heterogeneity in investors’ ability to borrow from collateral in a Kiyotaki–Moore style macro model, calibrated to the quintiles of the leverage-ratio distribution of US non-financial firms....

Studies of the relative income hypothesis find positive and negative effects of relative income. To facilitate comparisons we use a large household panel and highlight the sensitivity of the relative...

We investigate social norms for dictator game giving using a recently proposed norm-elicitation procedure (Krupka and Weber, 2013). We elicit norms separately from dictator, recipient, and disinterested...

When penalties for first-time offenders are restricted, it is typically optimal for the lawmaker to overdeter repeat offenders. First-time offenders are then deterred not only by the (restricted) fine...

This paper proposes a new dividend-based S&P 500 Index return predictor, the implied dividend yield term structure (IDYTS). We show that the IDYTS is a “cleaner” predictor than its conventional counterpart,...

We study the retention effects of the Australian military’s decision to remove a 20-year cliff-vesting requirement from their retirement system in 1991. We follow to the present individuals who self-selected...

When individuals compare themselves to those with the same wage-rate, status concerns–Keeping up with the Joneses–lead individuals to work who otherwise would have chosen not to, and, for them, well-being...

We consider a multi-winner nested elimination contest in which losers are sequentially eliminated to attain the set of winners. This is a variant of a widely used mechanism introduced by Clark and Riis...

Merchant internalization has been proposed as a key reason for biases in the setting of fees in payment card platforms. It has been shown to hold under several specific models of imperfect competition....

We use probit recession forecasting models to assess the ability of economic policy uncertainty indexes developed by Baker et al. (2013) to predict future US recessions. The model specifications include...

Consider a non-governmental organization (NGO) that can invest in a public good. Should the government or the NGO own the public project? In an incomplete contracting framework with split-the-difference...

We study the effects of economic shocks on civil conflict at the subnational level using a panel dataset of 5689 administrative regions from 53 African countries with yearly observations from 1992 to...

In a principal–agent model, we find that firms may not always benefit from the relative concerns of agents if such concerns are heterogeneous. Further, accounting for the influence of the environment...

We examine the distributions of Chinese and Indian city sizes for seven decades (1950s to 2010s) using lognormal, Pareto, and general Pareto distributions. We ascertain which distribution fits the data...

The paper shows explicitly how the overlapping of groups impacts between-group inequality by generalizing a result on the group-wise decomposition of the Gini index to more than two groups. It is demonstrated...

I show the equivalence between a model of financial contagion and the threshold model of global cascades proposed by Watts (2002). The model financial network comprises banks that hold risky external...

We study the impact of coupling a decision maker’s lottery payoffs to those of a peer on the preferred level of risk by means of a lab experiment. Compared to the benchmark where the lotteries are paid...

We use data from approximately 50,000 crowdfunding projects to assess the relative funding performance of for-profit and non-profit campaigns. We find that non-profit projects are significantly more...

We conduct a field experiment on tax compliance, focusing on newly founded firms. As a novelty the effect of tax authorities’ supervision on timely tax payments is examined. Interestingly, results show...

According to Kim and Lee (1997), property taxes as opposed to capital gain taxes and taxes on rent endanger dynamic efficiency. The present paper shows that the choice of the tax base is immaterial....

We investigate a two-part tariff licensing contract that enables an incumbent innovator to license the technology for a new product to a potential rival, who may alternatively develop a compatible technology...

This paper finds evidence that more democratic political institutions increase trust. Second generation immigrants with ancestries from 115 countries are studied within 30 European countries. Comparing...

A heterogeneous-firm trade model can explain the recent decrease in exchange rate pass-through to aggregate US import prices as a result of decreased trade costs. This paper finds support for this explanation...

The government wants two tasks to be performed. In each task, unobservable effort can be exerted by a wealth-constrained private contractor. If the government faces no binding budget constraints, it...

This letter revisits the question of how wealth shocks influence retirement behaviour, exploiting the dramatic changes in UK asset prices between 2008 and 2009 as a source of such shocks. We find no...

I study the internal organization of firms using Swedish occupation data. The empirical patterns match the theoretical predictions of Caliendo and Rossi-Hansberg (2012) and are similar to the patterns...

We analyze a task-assignment model in which a principal assigns a task to one of two agents depending on future states. If the agents have concave utility, the principal assigns the task to them contingent...

This paper investigates whether birth weight itself causes individuals’ future life chances. By using a sample of twins in Japan and controlling for the potential effects of genes and family backgrounds,...

There have been substantial increases in liquidity in recent years and real oil prices have almost returned to the high levels achieved before the global financial crisis. Unanticipated increases in...

This note proposes a class of estimators for estimating the asymptotic covariance matrix of the generalized method of moments (GMM) estimator in the stationary time series models. The proposed estimator...

Dillenberger (2010) introduced the negative certainty independence (NCI) axiom, which captures the certainty effect phenomenon. He left open the question of whether there are continuous and monotone...

We consider a cheap talk model with the sender’s exit option. We show that in the case of discrete action space, it can be the case that there exists an informative equilibrium if and only if the sender’s...

Using the experimental sessions of Goeree and Holt (2005), we show that step thinking fits the long-run outcome of minimum-effort and median-effort games surprisingly well for all values of the cost...

We study efficiency and distributional implications of bilateral delegation in wage and employment bargaining in monopoly. Delegation causes underproduction, and the bargaining pie severely contracts...

Existing hedonic methods cannot be easily adapted to estimate willingness to pay for product characteristics when willingness to pay depends on a very large basket of goods. We show how to marry these...

We model unemployment duration, reservation and expected wages simultaneously for individuals not in work, where wage expectations are identified via an exogenous policy shock. The policy shock increased...

A bottom poor sensitive Gini coefficient (pgini) is defined by replacing income observations with their reciprocal values in the Gini coefficient. The underlying true income share function can be derived...

Limited Mobility Bias explains why positive assortative matching is not observed in the empirical literature. Using German social security records, we estimate the correlation between worker and firm...

This paper analyzes anonymous job applications of Ph.D. economists in the academic job market. We use data on interview invitations from a randomized experiment at a European-based research institution....